Dairy Ingredients Market Driver Analysis, Industry Growing
Factors, Revenue Outlook 2024
“Dairy Ingredients Market size was estimated at 13.7 million tons in 2015 and
is expected to reach USD 86.97 billion by 2024. The major dairy ingredient
sources are milk and whey. These ingredients have various applications which
include convenience foods, bakery.”
The global Dairy Ingredients Market size was estimated at 13.7 million tons in 2015 and is expected to reach
USD 86.97 billion by 2024. Factors such as population starting to age, increased health issues, better awareness
about the benefits of food products rich in nutrition, better production and sluggish lifestyle are expected to
benefit the overall market.
A shift in food habits, from customary food to nutritional food has been observed. The industry is extremely
competitive with a huge number of companies trying to capture the market. It comprises of few leading global
companies and numerous minor regional companies. The increased awareness about the health benefits of the
food items rich in nutrition is expected to have positive impact on the market.
The major dairy ingredient sources are milk and whey. These ingredients have various applications which include
convenience foods, bakery, sports and clinical nutrition, confectionary, dairy products, infant milk formula, and
other food products like beverages, non-dairy creamers, meat, etc. On the basis of type, the dairy ingredient is
segmented into lactose, milk powder, casein & caseinates, MPC & MPI and whey ingredients. The global market
for dairy ingredients is anticipated to have a strong growth rate in the forecast period. It is sustained by the
increased global awareness among the consumers about the benefits of a healthy and nutritious diet. Market
dominator in the dairy ingredients industry is Asia-Pacific at this time. It is followed by Europe and North
America.
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